Friday, October 19, 2007 12:50:16 PM
petar still owns 54% of the OS through Kore. If DeVries' lawyers can help him dig out of this mess and trade again, or somehow free up the Kore shares to trade again through some paperwork shuffling then Petar has 280 million reasons to pump this turd again. This thing will be dead until those shares are free to trade, however.
As redskies stated, he is "hearing" that the Red Sea deal is "on again". Clearly the rumor mill is starting back up.
Side note: A successful CEO of a publicly traded company once told me to NEVER base an investment decision on what a CEO tells you because they all lie about their company.
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